Question 2 Prepare a journal entries to record the events of March a) Raw material inventory Accounts payable 5000 5000

b) Raw material inventory Accounts payable

4000 4000

c) Work in process inventory Raw material inventory

11250 11250

(Requisition number 112) : (250 square feet x $5 per square feet) (Requisition number 113) : (1000 pounds of brass tubing x $10 per pound) = $ 1 250 + $ 10 000 = $11 250
d) Work in process inventory Factory overhead Wages payable 34000 13000 47000

Work in process inventory Factory overhead

35700 35700

e) Manufacturing overhead Accumulated depreciation: (building and equipment)

12000

12000

f)

Manufacturing overhead (rent paid) Cash

1200

1200

g) Manufacturing overhead (utility cost) Accounts payable

2100

2100

h) Manufacturing overhead (tax) Cash

2400

2400

i)

Manufacturing overhead (insurance) Prepaid insurance 3100 3100

j)

Administrative expenses and sells Cash 8000 8000

k) Administrative expenses and sells Accumulated depreciation (buildings and equipment) 4000 4000

l)

Administrative expenses and sell Cash 3100 3100

m) Finished goods inventory Work in process inventory Cost of Job T81 Direct material (250 x 5) =1250 Direct labor

34050 34050

(800 x 20) =16000

Manufacturing overhead (800 x 21) = 16800

n) Cost of good sold Finished goods inventory =34050 / 2

17025 17025